The supply of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, rose by 24.4 percent month-on-month to 5.1 metric tonnes daily in June 2026, up from 4.1 metric tonnes daily in May.
This is according to the June 2026 fact sheet released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
The report also showed that national consumption dropped by about 10 percent, from 4.5 metric tonnes daily in May to 4.1 metric tonnes daily in June.
Meanwhile, the ex-depot price of cooking gas fell by 28.4 percent month-on-month, from N26.2 million per 20 metric tonnes in June to N20.4 million in July.
The price drop has already reflected at accredited gas plants in Lagos, where a kilogram of cooking gas now sells for between N1,100 and N1,400, depending on location — down from N1,900 to N2,400 per kg in June.
Speaking with Vanguard, the National President of the Nigerian Association of Liquefied Petroleum Gas Marketers, Mr. Inyang Edu, said the depot price dropped from N22.2 million to N20.4 million per 20 metric tonnes, triggering the retail price cuts across the country.
He attributed the decline to a series of engagements between the Federal Government, regulators, and industry stakeholders, which resulted in a margin order compelling depot owners and marketers to import the product.
“Before now, we got intel of possible artificial scarcity. Some marketers hoard their products and store them at their plants, while some gave an excuse of selling to their clients. This posed a risk of artificial scarcity, as the business depends on demand and supply,” he said.
“When there is limited supply of the product, demand rises, which results in scarcity. This was why we raised concerns with the Federal Government and its agencies. Marketers now have an order to sell according to their specific supply margin.”
On supply, Edu noted that Dangote Refinery and NLNG have maintained consistent output, while other suppliers are expected to bring in their products soon.
“We will continue to appeal to the Federal Government and stakeholders for the price to drop further. We are hopeful the price of cooking gas will fall more in the coming weeks,” he added.
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